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1 March, Monday

Ufa   °

Bashkiria Government took loan of 7 billion rubles to cover the budget deficit

Economy/Business

The republic adopted a budget deficit of 22 billion rubles for 2021. A 7 billion rubles loan has already been issued to repay it. However, part of the expenses, as the Head of Bashkortostan Radiy Khabirov said, will be reduced. It relates to programs for the repair of entrances in apartment buildings, "Bashkir courtyards".

“This is not a tragic deficit that jeopardizes the development of the region,” Radiy Khabirov explained. “My conviction: if spending goes into business, then this is correct. The thing is — we should earn more."

The adoption of the third package of state support for business is precisely aimed at continuing the previous aid from the first and second packages. Additionally, support will be provided to agriculture and light industry. The plans are for the third package to start working from the first days of 2021.

/translated by Tatiana Aksyutina
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